Hanoi Ring Road 4 construction to begin by next June
Construction of Hanoi’s Ring Road 4, running through the capital and neighboring provinces of Hung Yen and Bac Ninh, will commence before the end of next June.
An artist’s impression of Ring Road 4 in Hanoi and adjacent areas. Photo courtesy of the project planning unit.
A resolution signed by Deputy Prime Minister Le Van Thanh Thursday set a June 30, 2023 deadline for the project to break ground, one year after the National Assembly approved the government's investment proposal.
The chairpersons of Hanoi, Hung Yen and Bac Ninh have been assigned the tasks of appraising, approving and developing the ring road’s sub-projects in line with the Law on Public Investment.
The project is scheduled to be completed in 2026 so that Ring Road 4 can open to traffic in 2027, according to the resolution.
The national legislative body on June 16 approved investment policies for the road considered one of the most significant traffic infrastructure projects in Vietnam’s development process, together with Ho Chi Minh City’s Ring Road 3.
The Hanoi Ring Road 4, 112.8 kilometers long, would be built at a cost of about VND85,813 billion (around $3.7 billion).
Meanwhile, Ring Road 3 in HCMC, 76.34-kilometers long, will connect the southern economic hub with Dong Nai, Binh Duong and Long An provinces, all manufacturing hubs in southern Vietnam.
The total investment for phase one is estimated at VND75,378 billion ($3.25 billion), with 100% of the funds sourced from the city and national state budgets.
The Ring Road 3 project is set to break ground by June 2023 and be completed in 2026, according to Phan Van Mai, chairman of HCMC.
"It will run through urban areas with high population density across four localities. Thus, land clearance will be a very big challenge," he said.
- Read More
Finnish fund PYN Elite raises VN-Index forecast to 3,200 points
PYN Elite (Finland), one of the largest foreign funds in the Vietnamese stock market, has revised up its forecast for the benchmark VN-Index to 3,200 points, much higher than the 1,690.99 recorded on Friday.
Finance - Fri, November 28, 2025 | 4:49 pm GMT+7
Mind the gap
Without stronger digital and physical networks, global productivity will falter at precisely the moment the world needs new engines of growth, writes Benjamin Hung, president, International, Standard Chartered.
Consulting - Fri, November 28, 2025 | 3:49 pm GMT+7
Alliance claiming $100 bln investment for trans-Vietnam high-speed railway 'uncontactable'
An alliance between Mekolor, a relatively unknown Vietnamese company, and American entity Great USA, which claimed it could mobilize $100 billion for the North-South high-speed railway project, could not be contacted, said standing Deputy Prime Minister Nguyen Hoa Binh.
Infrastructure - Fri, November 28, 2025 | 3:19 pm GMT+7
Mitsui eyes new opportunites in Vietnam's energy sector, projects related to carbon emission reduction
Mitsui & Co., Ltd. plans to expand its investment in Vietnam in the energy sector and projects related to carbon emission reduction, president and CEO Kenichi Hori told Prime Minister Pham Minh Chinh at a Thursday meeting in Hanoi.
Industries - Fri, November 28, 2025 | 2:39 pm GMT+7
Russian heavyweight Zarubezhneft seeks to build energy center in Vietnam
Zarubezhneft, a wholly state-owned oil & gas group of Russia, wants to develop an energy center in Vietnam, as it seeks to expand into other fields including energy and minerals.
Energy - Fri, November 28, 2025 | 1:08 pm GMT+7
Carlsberg Vietnam accelerates its path toward net-zero emission in production by 2028 with stronger renewable-energy commitments
As Vietnam advances toward its 2050 net-zero vision, businesses are expected to play a decisive role in enabling the country’s green transition. At the Green Economy Forum 2025, Carlsberg Vietnam shared how a long-standing FDI enterprise is reshaping its operations and energy strategy to align with Vietnam’s sustainability goals.
Companies - Fri, November 28, 2025 | 11:52 am GMT+7
PV Power says profit may fall in 2026 despite higher output due to extreme weather
PV Power (HoSE: POW), a subsidiary of state-owned energy giant Petrovietnam, expects electricity output to rise next year, but says profit may decline from this year’s strong results due to increasingly erratic weather conditions.
Companies - Fri, November 28, 2025 | 9:00 am GMT+7
Decoding the attraction of 'A.I Real Combat' contest broadcast on Vietnam Television
Vietnam’s first national artificial intelligence competition, 'A.I Thực chiến' (A.I Real Combat), aired its opening round at 8 p.m. Wednesday on state broadcaster VTV2, with a rebroadcast on VTV3 two days later.
Companies - Thu, November 27, 2025 | 8:17 pm GMT+7
Foxconn Industrial Internet’s Vietnam revenue jumps 83% on automation, digitalization: CEO
Foxconn Industrial Internet (FII), a unit of Taiwanese electronics giant Foxconn, saw revenue from its new-technology applications in Vietnam rise 83% in the past fiscal year while headcount increased only 20%, driven by automation and digitalization.
Companies - Thu, November 27, 2025 | 4:56 pm GMT+7
SHB bank sees development drivers from capital-raising strategy, opportunities to attract foreign inflows
The upcoming capital-hike strategy is expected to position Saigon-Hanoi Bank (SHB) among the Top 4 private banks in Vietnam by charter capital, helping the lender maintain its competitive advantage via robust capital strength.
Banking - Thu, November 27, 2025 | 4:33 pm GMT+7
Vietnam's consumer finance major F88 launches first public bond issuance with 10% annual coupon
F88, a leading consumer finance company in Vietnam, has received regulatory approval for its first public bond issuance, offering a fixed annual coupon of 10% - a level seen as attractive amid low bank deposit rates and softer corporate bond yields.
Companies - Thu, November 27, 2025 | 4:16 pm GMT+7
Technology, innovation, digital transformation will drive Vietnam to high-income, developed-economy status by 2045: PM
Science-technology, innovation, and digital transformation will be key drivers for Vietnam to become a developed, high-income economy by 2045, Prime Minister Pham Minh Chinh said at a policy dialogue with World Economic Forum (WEF) managing director Stephan Mergenthaler.
Economy - Thu, November 27, 2025 | 3:25 pm GMT+7
220kV transmission line energized to facilitate electricity imports from Laos to Vietnam
National Power Transmission Corporation (EVNNPT) and the Central Power Projects Management Board (CPMB), in coordination with relevant units, on Wednesday successfully energized the 220kV Tuong Duong-Do Luong transmission line in the central province of Nghe An, facilitating the imports of electricity from Laos to Vietnam.
Companies - Thu, November 27, 2025 | 2:32 pm GMT+7
Government allows eligible Vietnamese citizens to enter Phu Quoc, Ho Tram, Van Don casinos
Vietnam has allowed eligible Vietnamese citizens to gamble at the Phu Quoc, Ho Tram and Van Don casinos starting November 26, per a government resolution issued on Tuesday.
Economy - Thu, November 27, 2025 | 2:02 pm GMT+7
HCMC signs partnership deals with World Economic Forum, blockchain giant Binance
Ho Chi Minh City on Wednesday issued a joint statement with the World Economic Forum (WEF) on an initiative to promote smart manufacturing and responsible industrial transformation in Vietnam, while signing an MoU with Binance to promote the development of the country's International Financial Center.
Economy - Thu, November 27, 2025 | 11:28 am GMT+7
Red Capital exits major shareholder position in EVN's subsidiary VSH
Red Capital Asset Management JSC has ceased to be a major shareholder of Vinh Son-Song Hinh Hydropower JSC (HoSE: VSH), a subsidiary of state-owned Vietnam Electricity (EVN), after sharply reducing its stake.
Companies - Thu, November 27, 2025 | 7:55 am GMT+7
















